-China and Brazil agree to skip the dollar and exchange their own currencies directly.
-China uses yuan to settle LNG imports from the UAE, from the French supermajor Total.
-Saudi Arabia joins the ...
Lyn, why are they chosing not to settle in physical gold?
Is it because the Chinese want to import things for cheap at the risk of weakening revenue from exports?
Or is it because paper gold (controlled by Westerners) is distorting the price of physical gold too much?
Or they are willing to go to max pain as long as they weaken USD and USA's standard of living?
Thank you 🫡
Is it because the Chinese want to import things for cheap at the risk of weakening revenue from exports?
Or is it because paper gold (controlled by Westerners) is distorting the price of physical gold too much?
Or they are willing to go to max pain as long as they weaken USD and USA's standard of living?
Thank you 🫡